Stanley Black & Decker overcame a soft demand environment to deliver a top and bottom line beat Thursday, but the stock is falling because the toolmaker simply reiterated its guidance. That's a fate shared by home-improvement peers and many other companies this earnings season. We added to our position on the pullback. Revenue fell 2% year over year in the January-to-March period to $3.87 billion, edging out the $3.82 billion expected by analysts, according to estimates compiled by LSEG.
Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.overcame a soft demand environment to deliver a top and bottom line beat Thursday, but the stock is falling because the toolmaker simply reiterated its guidance. That's a fate shared by home-improvement peers and many other companies this earnings season. We added to our position on the pullback.